The chance of the yuan exchange rate....>

CHINA PRESS: The chance of the yuan exchange rate to drop to the 7.0000 level is

decreasing, as policy makers approach their "bottom line", China Securities

Journal reported, indicating 7.0000 is the PBOC's bottom line for the yuan

exchange rate against the dollar. 

  - The yuan's appreciation against the dollar this round was due to the

dollar's depreciation and macro-controls of the Chinese government, particularly

the reintroduction of the counter-cyclical factor; 

  - If the yuan further weakens, the PBOC's "macro-prudential management" will

likely increase, the newspaper said, indicating that the PBOC would issue

policies to prevent the yuan from dropping below 7.0000.